UAE announces new entry and residency rules

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If you have the Golden visa that means residency is not voided even if you stay longer than 6 months outside UAE?
 
Do banks prefer “normal” company sponsored visas over golden visas when it comes to stuff like crs? Or are you considered uae tax resident (from the bank's point of view) with both visas?
 
Does this change anything? It seems that so many of those visas have high requirements compared to the current scheme of forming a FZ entity.. Is there some kind of catch here?

@Fred Do you think there will be changes to the residency by FZCO formation?
 
Too early to say anything.

In fact the designation on the Visa remains the same - employee, investor etc. per definition investor doesn't have salary - high risk for the banks on source of funds and takes longer to open personal bank accounts.

The validation period of the Residence Visa is for sure no indication a bank is following - it's the comfort of instead of every 3 years to make the renewal every 5 years - that's it.

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Fred said:
Fred said:
In fact the designation on the Visa remains the same - employee, investor etc. per definition investor doesn't have salary - high risk for the banks on source of funds and takes longer to open personal bank
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This is exactly the important point to be aware of. Getting a 5/10 year golden visa through investment sounds attractive, but not if it will making banking more annoying or mess with your current set up (that's working just fine).

If they allow you to keep the designation your current setup already provides, then it's another story.
 
Fred said:
Fred said:
Too early to say anything.

In fact the designation on the Visa remains the same - employee, investor etc. per definition investor doesn't have salary - high risk for the banks on source of funds and takes longer to open personal bank accounts.

The validation period of the Residence Visa is for sure no indication a bank is following - it's the comfort of instead of every 3 years to make the renewal every 5 years - that's it.
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Do you mean the investor doesn't have a salary from a FZ company? But can have foreign salary?
 
This is like the increase of corporate taxes in June - you need a lot of details to understand and comply
 
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